Marcus & Millichap announced the sale of the 16,553-square-foot quick service restaurant, which shows QSRs "continue to be one of the hottest net lease sectors among 1031 investors looking for stable cashflow," according to investment specialist Alan Cafiero.
A business that has been serving the community for more than 55 years will join LeGrand Coffee House and The UPS Store at the luxury transit-orientated development.
The complex offers 122,000 square feet of Class A office space spanning 161 and 163 Madison Ave., minutes from Morristown Green and that city's and the Convent train stations.
As he continues his four-day trip through Ireland, Gov. Phil Murphy announced the signing of three Memorandums of Understanding between New Jersey academic and real estate entities with top Irish tech universities and a startup accelerator.
Veris Residential launched leasing at its first property to be delivered since it rebranded from Mack-Cali in December. The Jersey City building embodies the company's focus on environmentally and socially conscious efforts.
The property also offers the Somerset developer and manufacturer soft gelatin nutritional supplements 11,000 square feet of office space.
The Port Authority of New York and New Jersey and PATH enlisted the hometown firm to handle retail at the 10-story transit hub.
Following its entrance into a fourth new market last week, the Red Bank firm is again bolstering its grocery-anchored portfolio.
“There continues to be strong lender interest in well located and occupied multifamily assets,” according to Marcus & Millichap Capital Corp. First Vice President Joseph Belgiovine, who arranged the funds.
The Hamilton-based, employee-owned, full-service architectural, interior design, landscape architecture and planning firm was founded in 1954. It now has eight offices across six states, most recently expanding its footprint in Florida.
According to the firm, the sale of the West Deptford site adds to its growing number of successful investment deals in South Jersey and the Philadelphia region.
The Kislak Co. Inc. announced the off-market transaction for the first new residential rental building to rise in the Bergen County municipality in 20 years.